An auction is process of buying or selling goods,service by offer them up for taking bids selling the item to the highest bid buying item from the lowest bidder.Exceptions to this definition exist are described in the section about different types.

AUCTION

Ayesha Raza

There aren’t that many scammers on eBay – but the ones there are tend to be greedy. This means that they will always try to pull their scams on high-value items like cars and computers, so that they can make a lot of money quickly. Since buyers generally buy these items very rarely, they may not know about the various scams out there.

With cars, you will generally find that scammers try to get you to send them money in advance, for whatever reason. For some reason, some people aren’t all that reluctant to pay 50% or 25% of the money before delivery using a relatively insecure payment method, especially on a car. They reason that the seller will obviously deliver it, as they’ll want the other half of the money.

But there never was a car! Pictures of cars aren’t hard to find, and the experienced scammers will have a whole library of pictures of different cars. The seller just got your $5,000 for nothing, and you can leave them all the negative feedback you like. They’ll just go and open another eBay account and find their next sucker.

While it’s not an outright scam, what you might find is that the car does turn up, but simply doesn’t live up to the description – it has been oversold, in the tradition of used car dealers through the ages. If this happens to you then you should open an eBay dispute and say your item was not as described – you might get a partial refund.

If you bid in a computer auction but don’t win, the seller might email you to ask whether you would like to buy a computer the same as the one they just sold through their own website.

This is a bad idea! You have no guarantee that the item will ever arrive, and you haven’t just given them your money – you’ve given them your credit card details too.

There are sellers with nothing but positive feedback who use this scam often – and since you won’t be able to leave them any feedback on the transaction, their reputation will stay that way. If you complain to eBay that you bought an item outside the site and got scammed, they will tell you to get lost and not do it again.

There are lots of ways to beat the scams. First, whenever you buy anything expensive, be sure to check your seller’s reputation thoroughly. Make sure they have sold items of a similar high value before, and haven’t just sold a string of $10 items to get their feedback rating artificially high. If you want to be even more cautious, insist that the money is placed in an escrow service (eBay recommend escrow.com – don’t use any other service unless you’re sure of it).

To be honest, it’s generally quite a bad idea to use eBay to buy things like cars and computers to begin with – you can get them anywhere, and the discounts aren’t that big any more. It’s better to use eBay for those rare, special things that you can’t find anywhere else. The next email will give you some tips for buying collectibles.

The auction website eBay is an ideal outlet for those who are looking to buy just about anything, and for those who are looking to sell just about anything. Selling items on eBay is a great way to earn extra money, unload some old things from around your house, or to start a home-based business for yourself. Using eBay can become quite a profitable venture, and you can do it all from your own home. All it takes is some merchandise, a little background information, and some determination for you to make money on eBay.

You know that saying, “One man’s junk is another man’s treasure?” Well, that adage has never applied to something better than it does to eBay. If you have a lot of old and unused items lying around your house or cluttering up your garage, clean them up, and sell them on eBay! You can begin to make money on eBay right now! It’s so easy to start an auction on eBay.

First, make sure the item is not damaged and that they are cleaned up and operational. Then, you will want to take a few good photographs that you can use on the site to showcase the item. You might also want to do a little background research on the item, so that you can write a really thorough description, as well as be able to answer any questions that a bidder might have about it. Once you have all of the information about the particular item you want to sell, post it (along with the photographs) on eBay. Then, decide on your opening bid price.

The opening bid price is an important step in the process. Either you can start at a really low bid in order to see lots of action, or you can start with a minimum bid that you will accept. If you start with the lowest possible bid, though, you might be risking taking a lower price overall for the item than you might want, as well as have to pay eBay listing fees. So, really think about your opening price.

If you do start out with the higher minimum bid, it might take a while for your item to catch on. Don’t worry, though, because it only takes a few people to be interested in an item to have an auction. If you have prepared well, presented your item in the best possible way, and opened with a fair bid price, you will begin to make money on eBay in no time.

Once you have sold all of your own items, you might find that making money on eBay was pretty easy, and you want to keep doing it. So, what should you sell? The first thing to do is to think of things that you would be interested in selling, things that you have knowledge about. Maybe you are crafty, or you can sew, and you can produce interesting and quality products to sell on your own. If you do this, you know what you are selling, and you can answer any questions that bidders might have about the merchandise. If you can’t produce your own items to sell on eBay, you can try purchasing new items through a wholesaler, or you can scour yard and garage sales on the weekends in search of unique or interesting items.

It is easy to make money on eBay when you are selling something that you are interested in and have knowledge about. However, it is important to remember that, as a seller, it is your responsibility to be professional, courteous, and timely with all of your buyers and their transactions. Negative ratings can put an end to your eBay career as quickly as you started it. If you are conscientious and polite as a seller, though, you will earn a good reputation among eBay buyers, and people will return repeatedly to bid on your items. In addition, word of mouth is the best advertising you could ask for. Selling items is a great way to have a home-based business and make money on eBay!

Want to sell DVDs on Ebay? A lot of people do. Its a competitive market to say the least, but how do they do it – where do they get their stock from? Drop-shipping? Wholesale outlets? Possibly, if you have a spare lockup to store all the bulk purchased DVDs you just bought to get that extra discount. Chances are if you are considering buying to sell on Ebay you have looked into buying wholesaler lists from Ebay itself. Well, If I was you I would not waste my money. In my experience these lists are nothing but junk, containing at best outdated information for wholesalers in the US, with nothing relevant to the UK. There are many, many other ways to purchase DVDs to sell on Ebay – by all means follow the wholesaler route. There are wholesale outlets out there that cater for the Sole Trader, without having to be VAT registered but you usually find that the prices offered are not that much better, if at all, than the prices offered by the larger more reputable stores on the internet. So with that in mind, where should you start…? Well you really need to bear in mind 2 things.

1. People that buy on ebay are looking for a bargain, the trouble is they think that Ebay is the best place to look. They are wrong!

2. The higher the RRP the more bang for your buck.

When people first start selling DVDs on Ebay, they quickly find that the profit margins are slim to non-existent, but they usually have a plan: so what, they think, if they only make

So you want to be a successful seller with your own eBay business, do you? Here’s a simple, ten-step path to eBay enlightenment.

Step 1: Identify your market. Take a while to sit and watch for what sells and what doesn’t out of the items you’re interested in. Any market research data you can collect will be very useful to you later on. You’ll probably see the sweet spots quite quickly – those one or two items that always seem to sell for a good price.

Step 2: Watch the competition. Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.

Step 3: Find a product: Get hold of a supplier for whatever it is you want to sell, and see what are the best rates you can get. Don’t be afraid to ring round quite a few to get the best deal. If the eBay prices you’ve seen are higher than the supplier’s, then you’re set.

Step 4: Start small: Don’t throw thousands at your idea straight away – get started slowly, see what works and what doesn’t, and learn as you go. Remember that it’s very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!

Step 5: Test and repeat. Keep trying different strategies until you find something that works, and then don’t be ashamed to keep doing it, again and again. The chances are that you?ve just found a good niche.

Step 6: Work out a business plan: A business plan doesn’t need to be anything formal, just a few pages that outline the market opportunity you’ve spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.

Step 7: Invest and expand: This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.

Step 8: Make it official: Once you’ve made a few thousand dollars worth of sales, you should really register yourself as a business. Don’t worry, it’s not expensive or hard to do – a lawyer is the best person to help you through the process.

Step 9: Automate: You’ll probably find that you’re writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.

Step 10: Never give up: Even when it looks like it’s all going wrong, don’t stop trying until you succeed. If you keep working at it then you’ll almost always find that you make a real breakthrough just when things are starting to look desperate.

Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling part time. But it’s not always as easy as that – there are all sorts of factors that you need to consider.

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